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Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management

Author

Listed:
  • Pinto C. Ariel

    (Old Dominion University)

  • McShane Michael K

    (Old Dominion University)

  • Pathak Abhishek S

    (Old Dominion University)

Abstract

This article describes the Delayed Bang Approach for determining the value of risk management alternatives in critical infrastructure security. The discussion includes (1) the need for sustainable risk management (2) the importance of time valuation in evaluating competing loss prevention and loss reduction alternatives, (3) the convergence of deterministic engineering economics, survivability analysis , and probabilistic analysis, and (4) hypothetical examples of the Delayed-Bang Approach and significance towards more sustainable risk management.

Suggested Citation

  • Pinto C. Ariel & McShane Michael K & Pathak Abhishek S, 2011. "Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management," Journal of Homeland Security and Emergency Management, De Gruyter, vol. 8(1), pages 1-17, May.
    • Handle: RePEc:bpj:johsem:v:8:y:2011:i:1:p:17:n:11
    DOI: 10.2202/1547-7355.1533
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